Payment terms are based on specific project requirements. There is always an advance payment varying in the range of 40-50% depending on size of project and the balance amount is linked to project milestones.
1 - Amount Less than US $ 500 |
2 - Amount US $ 500 - 1500 |
3 - Amount US $ 1500 - 3000 |
Advance 50% |
Advance 30% |
Advance 20% |
On Delivery 50% |
Interim 40% |
Interim (1) 25% |
|
On Delivery 30% |
Interim (2) 25% |
|
|
On Delivery 30% |
Payments for large projects are discussed by both parties and decided mutually.